Articles by ELTA EN

More than half (53 percent) of the large companies in the Baltic states expect that their turnover will increase in the coming 12 months, according to a survey conducted by Latvia‘s SEB banka. […]

Lithuania will import 60 percent of its electricity this winter

With the winter season approaching, the Lithuanian electricity transmission system operator Litgrid presented system adequacy analysis. […]

Investors’ confidence in Lithuania on the rise

Investors’ confidence in Lithuania’s business climate has been growing throughout the year, as well as in the last quarter, when Eastern Europe was shaken by instabilities, an Investor Confidence Index for Lithuania by Investors’ Forum has showed. […]

Lithuanian credit unions start operating at profit

Sixty-three credit unions operating under the Lithuanian Central Credit Union (Lietuvos Centrinė Kredito Unija – LCKU) earned LTL 183,000 (EUR 53,000) in profit in the first three quarters of 2014. In the first three quarters of 2013 they recorded a LTL 5.5 million (EUR 1.6 million) loss. […]

Estonia’s Moppel appointed council chairman of Rail Baltica company

November 15, 2014 ELTA EN 0

The three Baltic countries’ joint venture, the joint-stock company RB Rail, has been registered with the Register of Enterprises of Latvia, the Transport Ministry informed LETA. […]

New science and business incubator opens in Kaunas

November 14, 2014 ELTA EN 0

On Friday, taking part in the opening of the KTU (Kaunas Technology University) Science and Technology Centre and Technological Business Incubator, Prime Minister Algirdas Butkevičius stressed that funds properly invested in science and technologies always bring great returns. […]

New law may ease removal of Soviet sculptures from Vilnius Green Bridge

November 14, 2014 ELTA EN 0

Minister of Culture Šarūnas Birutis signed a law amending the criteria for cultural artifacts to be listed as heritage. From now on objects marked with Soviet or Nazi symbols will not be included in the Register of Cultural Heritage. […]

EP decision on Moldova is clear signal to Russia, Lithuanian MEP says

November 14, 2014 ELTA EN 0

After the European Parliament (EP) approved the EU-Moldova Association Agreement, MEP Petras Auštrevičius has said that Moldova is returning to where it belongs – the family of free and democratic European countries. […]

Lithuania must raise minimum pay every year, president says

Commenting on the ruling coalition’s recent agreement regarding the increase of minimum monthly pay, President Dalia Grybauskaitė has stressed that minimum pay in Lithuania remains the lowest in the three Baltic states and it should be raised on a yearly basis. […]

Vilnius City Municipality is among the most heavily indebted in Lithuania

Lithuanian government says it will not tolerate indebted municipalities

The Government says that it will not tolerate growing indebtedness of municipalities and those local governments which fail to reduce their debts will have to adhere to new stricter rules, Prime Minister Algirdas Butkevičius has confirmed. […]

Over 10,000 Lithuanians visit euro exhibition

In less than three weeks after the Euro Exhibition opened in Vilnius, the number of its visitors has exceeded 10,000. […]

Lithuanian PM projects balanced budget in 2017

Prime Minister Algirdas Butkevičius hopes that Lithuania will have a balanced budget already in 2017. […]

Lithuanian ruling parties agree on EUR 325 minimum monthly salary in 2015

The parliamentary groups of the Order and Justice party, the Social Democrats and the Labour Party have agreed that the minimum monthly salary should be raised to EUR 325 (LTL 1,122) in 2015. […]

Lithuania to expand its military reserves

Conservative members of the Lithuanian parliament have suggested increasing the number of soldiers participating in basic military training. […]

Environmental protection expenditure drops by nearly 40 percent in Lithuania

According to Statistics Lithuania, in 2013 compared with 2012, expenditure by business companies on environmental protection decreased 38.2 percent and stood at LTL 309.7 million (EUR 89.7 million), which accounted for 50 percent of all industrial enterprises’ expenditure on environmental protection. […]

Gas price in Lithuania to go up due to LNG terminal

In 2015 natural gas price in Lithuania will increased by LTL 102 (EUR 29.5) per thousand cubic metres in order to cover the cost of building Klaipėda’s Liquefied Natural Gas (LNG) terminal. […]

MP turns to Prosecutor’s Office over loans to Air Lituanica